BOOSTNB
  • Homepage
  • Background
  • About Us
  • Goal 0: Real GDP Growth
  • Goal 1: Interprovincial Migration
  • Goal 2: International Immigration
  • Goal 5: Value of Exports
  • Goal 6: Firms Participating in Foreign Export Trade
  • Goal 7: Labour Force Participation Rate
  • Goal 8: Aboriginal & First Nations Employment Rates
  • Goal 9: Youth Employment
  • Goal 10: Post-Secondary Education & Training
  • Goal 11: Post-Secondary Education Research & Development
  • Goal 14: Tourism Expansion
  • Goal 15: Fisheries & Agriculture
  • Goal 16: Mining in New Brunswick
  • Goal 19: Net Debt-to-GDP Ratio
  • Goal 20: Non-Government Employment
  • Goal 21: Real Non-Residential Private Sector Investment
  • Goal 23: Labour Productivity
  • Goal 24: Forestry in New Brunswick
  • Goal 25: Business and Consumer Confidence
  • Goal 26: Life Satisfaction *NEW*
  • Goal 27: GHG Emissions *New*
  • Contact Us
  • Archive
  • Homepage
  • Background
  • About Us
  • Goal 0: Real GDP Growth
  • Goal 1: Interprovincial Migration
  • Goal 2: International Immigration
  • Goal 5: Value of Exports
  • Goal 6: Firms Participating in Foreign Export Trade
  • Goal 7: Labour Force Participation Rate
  • Goal 8: Aboriginal & First Nations Employment Rates
  • Goal 9: Youth Employment
  • Goal 10: Post-Secondary Education & Training
  • Goal 11: Post-Secondary Education Research & Development
  • Goal 14: Tourism Expansion
  • Goal 15: Fisheries & Agriculture
  • Goal 16: Mining in New Brunswick
  • Goal 19: Net Debt-to-GDP Ratio
  • Goal 20: Non-Government Employment
  • Goal 21: Real Non-Residential Private Sector Investment
  • Goal 23: Labour Productivity
  • Goal 24: Forestry in New Brunswick
  • Goal 25: Business and Consumer Confidence
  • Goal 26: Life Satisfaction *NEW*
  • Goal 27: GHG Emissions *New*
  • Contact Us
  • Archive
Goal 0: Real GDP Growth

By 2028, New Brunswick will experience an upward trend that returns its GDP growth rate to 2008 levels.



​OVERVIEW

Importance
For New Brunswick, regularly having GDP growth rates above 2% would mean the province is on par with the Canadian GDP growth average for all provinces.

Having higher GDP growth rates results in higher tax revenue and more funding for public services without needing to raise tax rates. A higher GDP also makes prospective businesses more interested in the growing economy of New Brunswick.

Problem
New Brunswick’s real GDP growth rate has not been above 2% since2006, largely due to the 2008 recession.

Cause
The recession in 2008 severely impacted GDP growth for New Brunswick the following year. Then, during the rebuilding process in2012, the federal government had a tight fiscal year, and only provinces with strong ties to commodity markets were able to sustain growth. Following 2012, however, New Brunswick has seen continuous growth.​
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  • Homepage
  • Background
  • About Us
  • Goal 0: Real GDP Growth
  • Goal 1: Interprovincial Migration
  • Goal 2: International Immigration
  • Goal 5: Value of Exports
  • Goal 6: Firms Participating in Foreign Export Trade
  • Goal 7: Labour Force Participation Rate
  • Goal 8: Aboriginal & First Nations Employment Rates
  • Goal 9: Youth Employment
  • Goal 10: Post-Secondary Education & Training
  • Goal 11: Post-Secondary Education Research & Development
  • Goal 14: Tourism Expansion
  • Goal 15: Fisheries & Agriculture
  • Goal 16: Mining in New Brunswick
  • Goal 19: Net Debt-to-GDP Ratio
  • Goal 20: Non-Government Employment
  • Goal 21: Real Non-Residential Private Sector Investment
  • Goal 23: Labour Productivity
  • Goal 24: Forestry in New Brunswick
  • Goal 25: Business and Consumer Confidence
  • Goal 26: Life Satisfaction *NEW*
  • Goal 27: GHG Emissions *New*
  • Contact Us
  • Archive